Coronavirus Update: China’s covid surge, lockdowns hitting the economy and AUD Coronavirus China Equities AUDUSD
China's Caixin Services PMI unexpectedly slumps to 42.0 in March
Against this backdrop, the authorities in Shanghai city came out with fresh guidelines, citing that they will start another city-wide round of mass covid testing from April 6.Additional takeawaysWill evaluate if lockdown needs to continue following the results of the latest test. The covid resurgence in China also remains a cause for concern ahead of the critical Fed March meeting’s minutes.faces a double whammy, meandering in lows near 0.7560, as of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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